We have been busy these last weeks.  I retired/quit my day job yesterday, to focus on the freight train gold market developing.  The rise in gold looks more unstoppable than ever, with europe and the US debt problems.  I wont get into the politics or economics of all that, there is enough media on it.

What i want to do is tell you that i have sold off substantial positions in many other stocks to buy more Newstrike.  We sold our remaining LVN, NGQ and TXG.wt to load up on NES.  They are planning to drill off AP as for as it goes, there will be an end but none has yet been found in any direction.  I have said it before the future is very very bright for NES.  The management and directors are TOP NOTCH.  I have come across many interesting characters in my almost 25 years in this business and let me tell you none are as sincere and open as the group behind Newstrike Capital.  The technical team has been flawless in its exploration and  the discovery of the highgrade breccia that has indeed “blown the lid off” the ounce count at Ana Paula.  I can not say enough good things about this stock, the people behind it and the property they own.

Our second big bet is Teuton Resources.  It is our second largest holding, after NES.  We participated significantly in the latest placement at .50.  Dino is on the property now and I believe drilling will have commenced.  The High property is adjacent to the Pretium project that is generating massively high, beyond bonanza, grades over significant widths.  The trend is right towards the High property owned by TUO.  The Treaty Creek property is adjoining the same pretium property to the north and has already made a significant low grade discovery in a hole drilled 2 seasons ago.  they hit 241 meters of mineralization at the same grade Pretium is getting.  I feel the same mineralizing system straddles the TC property.  We feel the ongoing litigation will be settled in the new year in Teutons favour, giving it control over the future of the Treaty property.

We have also added to our position in RLM, Realm energy.  Their holdings in Poland are enough to make a company, but they are also after very prospective land in France.  The have very good working relationships with major companies that will aid in the discovery of major finds in shale gas around Europe.  Soros has a 10 million share interest in RLM.

We are holding our position in Oromin at this time.  We sold most of our position at a great leverage to buy NES.  We have added and sold several times when a deal seemed imminent only to be disappointed.  I attended the AGM yesterday and was surprised no formal announcement on ownership restructuring was made.  There were private conversations but nothing was made evident to me that there would be any change forthcoming, other than saying there were meetings last week with all the partners and they went “well”.  We will hold our remaining shares and will only add AFTER a definite change has been made.  Having said that the new high grade discovery looks very promising, we feel that is is definitely a shot in the arm, that the project needed to re generate interest!

warmest regards and a heartfelt thank you to everyone that has made this site such a success!

caliche

July 21st, 2011
Categories: Uncategorized . Author: caliche